Verizon's millimetre wave 5G delivers a true gigabit to many. Around the world, most networks touting 5G will have 60-80% less capacity. There are two very different flavours of 5G: 4G plus NR software in frequencies below 6 GHz and millimetre wave at frequencies above 20 GHz.
Verizon is also discarding 200,000 boxes with fewer and faster gear. Lee Hicks' "One Verizon" plan will rebuild with 20,000 all IP, state of the art pieces of equipment. Hicks calculates they will save, "50% the first year."
Millimetre is the good stuff: typically 5-7 gigabits shared, 1 gigabit to nearby homes. Below 6 GHz, a little over 1 gigabit shared, 100-400 megabits down. That's about the same as 4G. We called it "fake 5G, "faux 5G," and "5G light." But the marketers took over at 3GPP.
AT&T, T-Mobile, and Sprint will mostly use the slower stuff. Verizon has completely failed to inform people of the difference. Palmer's ad says "There’s 5G, then there’s Verizon 5G Ultra Wideband." They need to provide details of consumer benefits and compare with others. From bankers to regulators and from Congressmen to ordinary consumers, everything called "5G" is the same.